[Federal Register Volume 79, Number 213 (Tuesday, November 4, 2014)]
[Notices]
[Page 65479]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-26171]



[[Page 65479]]

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DEPARTMENT OF THE TREASURY

Fiscal Service


Rate for Federal Debt Collection, Discount and Rate Evaluation

AGENCY: Bureau of the Fiscal Service, Treasury.

ACTION: Notice of rate to be used for Federal debt collection, and 
discount and rebate evaluation.

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SUMMARY: The Secretary of the Treasury is responsible for computing and 
publishing the percentage rate that is to be used in assessing interest 
charges for outstanding debts owed to the Government (The Debt 
Collection Act of 1982, as amended (codified at 31 U.S.C. Section 
3717)). This rate is also to be used by agencies as a comparison point 
in evaluating the cost-effectiveness of a cash discount. In addition, 
this rate is to be used in determining when agencies should pay 
purchase card invoices when the card issuer offers a rebate (5 CFR 
1315.8). Notice is hereby given that the applicable rate for calendar 
year 2015 is 1.00 percent.

DATES: January 1, 2015 through December 31, 2015.

FOR FURTHER INFORMATION CONTACT: E-Commerce Division, Bureau of the 
Fiscal Service, Department of the Treasury, 401 14th Street SW., 
Washington, DC 20227 (Telephone: 202-874-9428).

SUPPLEMENTARY INFORMATION: The rate reflects the current value of funds 
to the Treasury for use in connection with Federal Cash Management 
systems and is based on investment rates set for purposes of Public Law 
95-147, 91 Stat. 1227. Computed each year by averaging Treasury Tax and 
Loan (TT&L) investment rates for the 12-month period ending every 
September 30, rounded to the nearest whole percentage, for 
applicability effective each January 1. Quarterly revisions will be 
made if the annual average, on a moving basis, changes by 2 percentage 
points. The rate for calendar year 2015 reflects the average investment 
rates for the 12-month period that ended September 30, 2014.

    Dated: October 29, 2014.
John B. Hill,
Assistant Commissioner Payment Management and Chief Disbursing Officer.
[FR Doc. 2014-26171 Filed 11-3-14; 8:45 am]
BILLING CODE 4810-35-P